Guidelines for the Development of the Russian Financial Market
The Central Bank of the Russian Federation
Bank of Russia
FINANCIAL SECTOR OVERVIEW
FINANCIAL INCLUSION
Strong international background helps to promote financial inclusion
G20 GLOBAL PARTNERSHIP FOR FINANCIAL
INCLUSION (GPFI)
Acts as an inclusive platform for G20 countries, non-members and other parties for
knowledge and experience sharing, policy advocacy and coordination in promoting
financial inclusion
- Russia is an original GPFI member since November 2010
Endorsed the 'original' FIAP in 2010 and the 'updated' FIAP in 2014 and 2017
G20 World Bank ·
-
OECD conference on empowering consumers of financial
products and services was hosted in Moscow in June 2013
The third annual GPFI Forum was held in St. Petersburg in 2013
Financial Inclusion Promotion by the Bank of Russia
- Improving financial inclusion for people and SMEs is one of financial market
development priorities for 2016-2018
- The Bank of Russia annually publishes financial inclusion indicators and the
Report on Financial Inclusion in Russia (with supply-side and demand-side
data starting from 2015)
The technical note on financial inclusion was prepared in the context of a
joint WB IMF FSAP mission in Russia during February-March 2016; the
note was published in May 2016
- Early in 2018 the Bank of Russia launched the Financial Inclusion Strategy in
Russia for the period of 2018-2020
-
ALLIANCE FOR
FINANCIAL INCLUSION (AFI)
The global knowledge exchange network empowering
policymakers to increase access to quality financial
services for the less well-off communities and
households
· The Bank of Russia became a member of AFI in
February 2014
In September 2014 the Bank of Russia joined the Maya
Declaration setting up the priorities for AFI members
on financial inclusion
In September 2015 the Bank of Russia joined the
Maputo Accord to improve funding accessibility for
SMES
The Bank of Russia and AFI co-hosted the 'Financial
inclusion and shadow banking: innovation and
proportional regulation for balanced growth'
conference in November 2015
In June 2016 the Bank of Russia hosted the AFI GSPWG
meeting.
CBR will host the 2018 AFI Global Policy Forum
48
48View entire presentation